Fully Rehabbed 15-Unit Apartment
For Sale
Contact for pricing
Pending
10801 S Prairie Avenue, Chicago, IL 60628
15-unit building rehabbed within the last 12 months, with recent unit and building upgrades and only two currently vacant units.
Property Size15,000 SF
Days on Market555
Property Features for 10801 S Prairie Avenue
General Information
Standard status
Pending
Size
15,000 SF
Property subtype
Multifamily
Additional Details
Cap Rate
12.5%
Multifamily Units
15
Building Details
Year Built
1930
Stories
3
Units
15
Listing Agency:
Safe Harbor Realty LLC
Listed By:
Edward Reagan · License #471005328
(312) 296-2855
Source:
Crexi
Added: Feb 28, 2025
Changed: Aug 8
Last Checked: Jul 25 at 6:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Safe Harbor Realty LLC
Investment Insights
Based on property information with market context.
This is a 15-unit apartment building that has been fully rehabbed within the last 12 months. The renovations include new appliances in the units, a newer boiler, and other building updates. Current leasing is strong with only two vacant units noted, which are expected to be rented shortly.
The property also notes that many units are CHA and subsidy tenants. Projections provided with the listing indicate a 12.5% cap rate based on current rents.
According to the remarks, rents are expected to increase as leases renew.
The property also notes that many units are CHA and subsidy tenants. Projections provided with the listing indicate a 12.5% cap rate based on current rents.
According to the remarks, rents are expected to increase as leases renew.
Key Highlights
- 15‑unit building rehabbed within the last 12 months
- Recent updates include new appliances in units and a newer boiler for the building
- Only 2 units are currently vacant; they are expected to be rented shortly
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
865
Businesses Nearby
Explore this area
Business Placement
Demographics for 60628, IL
62,832
Population
28,736
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
5,712
Density / Sq Mi
$49,719
Median Household Income
$35,974
Median Earnings
$1,168
Median Rent
$158,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 15-unit building rehabbed within the last 12 months, with recent unit and building upgrades and only two currently vacant units.
Where is this apartment building located?
The property is located at 10801 S Prairie Avenue Chicago, IL.
What are key features of this property?
This property features: 15‑unit building rehabbed within the last 12 months; Recent updates include new appliances in units and a newer boiler for the building; Only 2 units are currently vacant; they are expected to be rented shortly
